A car LPG conversion typically costs $2000-$4000; high capital cost coupled with lower return on investment (only 50% fuel savings compared to 70% previously) means fewer and fewer Australians are willing to stump up cash to switch to LPG. The industry, which has arguably been charging too much for decades, is in dire straits; things got worse for it when the previous government removed John Howard’s $2000 subsidy on LPG conversions. The opportunity is to invest in electric vehicle innovation, that’s battery and electric drivetrain research, along with materials research to (among other things) make vehicles lighter and lower cost.
LPG is a racket, different prices for different folks. BBQ cost is $22 for 4kg bottle, which amounts to extortionate $0.76/kWh. residential is not much better at $0.62/kWh, based on 45kg bottle at $200/year. Of course, same LPG into car, at $0.95/litre, is excise exempt/taxpayer subsidised, so only $0.23/kWh. LPG nothing but smoke, without mirrors, going nowhere